Yields on 2-year Treasury notes fell in Tuesday's auction...

October 25, 1989

Yields on 2-year Treasury notes fell in Tuesday`s auction to the lowest level in 18 months. The average yield was 7.74 percent, down from 8.39 percent at the last comparable auction Sept. 26. It was the lowest rate since 2-year notes averaged 7.64 percent on April 27, 1988.